Windtree Therapeutics Inc Stock Forecast
Big movements in Windtree Therapeutics Inc stock price on Thursday moving 50.72% between high and low
(Updated on Apr 18, 2024)
The Windtree Therapeutics Inc stock price fell by -15.30% on the last day (Thursday, 18th Apr 2024) from $0.401 to $0.340. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 50.72% from a day low at $0.265 to a day high of $0.400. The price has fallen in 7 of the last 10 days and is down by -11.42% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $607.66 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.31% during the next 3 months and, with a 90% probability hold a price between $0.262 and $0.392 at the end of this 3-month period.
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WINT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Windtree Therapeutics Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.397 and $0.378. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -21.89%. Further fall is indicated until a new bottom pivot has been found. Windtree Therapeutics Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Windtree Therapeutics Inc stock
Windtree Therapeutics Inc finds support from accumulated volume at $0.335 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.135 between high and low, or 50.72%. For the last week, the stock has had daily average volatility of 22.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WINT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Windtree Therapeutics Inc to open at $0.335, and during the day (based on 14 day Average True Range), to move between $0.297 and $0.383, which gives a possible trading interval of +/-$0.0433 (+/-12.74%) up or down from last closing price. If Windtree Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 25.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.335 (1.35%) than the resistance at $0.360 (5.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Windtree Therapeutics Inc stock A Buy?
Windtree Therapeutics Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.796 Strong Sell Candidate Downgraded
Predicted Opening Price for Windtree Therapeutics Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.335 ( 1.39%) | $0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.470 | 38.22 % | |
| R2 | 0.418 | 23.09 % | ||
| R1 | 0.386 | 13.74 % | ||
| Current price: | 0.340 | |||
| Support | S1 | 0.284 | -16.52 % | |
| S2 | 0.252 | -25.87 % | ||
| S3 | 0.200 | -41.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.420 | 23.69 % | |
| R2 | 0.400 | 17.72 % | ||
| R1 | 0.360 | 5.94 % | ||
| Current price | 0.340 | |||
| Support | S1 | 0.335 | -1.35% | |
| S2 | 0.325 | -4.36% | ||
| S3 | 0.317 | -6.86% |
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